FLTB vs. FLRT
FLTB (Fidelity Limited Term Bond ETF) and FLRT (Pacific Global Senior Loan ETF) are both exchange-traded funds - FLTB is a Short-Term Bond fund actively managed by Fidelity, while FLRT is a High Yield Bonds fund actively managed by Pacific Life. Both are actively managed. Over the past 10 years, FLTB returned 2.44%/yr vs 4.90%/yr for FLRT. At a 0.12 correlation, their price movements are largely independent. FLTB charges 0.25%/yr vs 0.69%/yr for FLRT.
Performance
FLTB vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 0.84% return, which is significantly lower than FLRT's 1.81% return. Over the past 10 years, FLTB has underperformed FLRT with an annualized return of 2.44%, while FLRT has yielded a comparatively higher 4.90% annualized return.
FLTB
- 1D
- 0.02%
- 1M
- 0.34%
- YTD
- 0.84%
- 6M
- 0.86%
- 1Y
- 4.05%
- 3Y*
- 5.59%
- 5Y*
- 2.30%
- 10Y*
- 2.44%
FLRT
- 1D
- -0.06%
- 1M
- 0.17%
- YTD
- 1.81%
- 6M
- 1.89%
- 1Y
- 5.54%
- 3Y*
- 8.54%
- 5Y*
- 5.95%
- 10Y*
- 4.90%
FLTB vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 0.84% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.06% | 2.10% |
FLRT Pacific Global Senior Loan ETF | 1.81% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Correlation
The correlation between FLTB and FLRT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.12 |
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Return for Risk
FLTB vs. FLRT — Risk / Return Rank
FLTB
FLRT
FLTB vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Pacific Global Senior Loan ETF (FLRT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLTB | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.82 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.13 | -0.46 |
| Martin ratioReturn relative to average drawdown | 11.14 | 11.44 | -0.30 |
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Drawdowns
FLTB vs. FLRT - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FLTB and FLRT.
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Drawdown Indicators
| FLTB | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -20.96% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -1.78% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -2.87% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -7.60% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | -20.96% | +11.59% |
Current DrawdownCurrent decline from peak | -0.26% | -0.17% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -1.41% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.49% | -0.13% |
Volatility
FLTB vs. FLRT - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.57% compared to Pacific Global Senior Loan ETF (FLRT) at 0.42%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.42% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 1.23% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.10% | 1.59% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 2.30% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 6.12% | -3.18% |
FLTB vs. FLRT - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Dividends
FLTB vs. FLRT - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.36%, less than FLRT's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 6.81% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
FLTB Fidelity Limited Term Bond ETF | 4.36% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
Frequently Asked Questions
FLTB and FLRT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTB has higher volatility (0.57%) compared to FLRT (0.42%). In terms of maximum drawdown, FLTB dropped -9.37% vs FLRT's -20.96%.
On 10-year performance, FLRT leads with 4.90% vs 2.44% for FLTB. On fees, FLTB is cheaper at 0.25% per year. On volatility, FLRT has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FLRT has performed better with a 4.90% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTB is cheaper with a 0.25% expense ratio, compared with 0.69% for FLRT.
FLRT has the higher dividend yield at 6.81%, compared with 4.36% for FLTB.
FLTB is categorized as Short-Term Bond, while FLRT is High Yield Bonds. They also come from different issuers: Fidelity and Pacific Life. Their fees differ too: 0.25% for FLTB and 0.69% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.49 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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